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Uranium prices climb as Russia halts exports to U.S.

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Uranium prices climb as Russia halts exports to U.S.

Yesterday (November 15), after Russia announced temporary restrictions on enriched uranium exports to the U.S., uranium prices increased.

Axar.az reports, citing Reuters, that after Russia's announcement, uranium prices for delivery in November 2025 rose by $4 per pound, reaching $84. Shares of uranium mining companies also surged.

According to the U.S. Department of Energy, Russia accounts for approximately 44% of the world's uranium enrichment capacity and 35% of the U.S. nuclear fuel imports.
Date
2024.11.16 / 09:30
Author
Axar.az
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